Spencer Educational Foundation has received a $100,000 commitment from RIMS Chicago Chapter. The scholarship will be awarded annually to risk management or insurance students at colleges and universities in Illinois, Indiana, Iowa, Michigan and Wisconsin. The first recipient will be announced in March of 2009.

"RIMS Chicago Chapter has always supported the goals of Spencer Educational Foundation, but this gift is its most generous to date," says Donna L. Galer, chairwoman of Spencer Educational Foundation, Inc. "The Foundation is proud to receive the support of one of the largest RIMS chapters. The donation is evidence of the chapter's profound dedication to the future of the risk management and insurance profession."

For more information on Spencer Educational Foundation, or to donate, visit www.spencered.org.